litefxspeedtrading is a CFD broker whose official website domain was registered on June 30, 2024. The broker primarily offers investment services in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services in countries or regions where such services may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on litefxspeedtrading's website (www.litefxspeedtrading.pro), the broker was established in 2016 and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed the company entity registration details or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) does not list any regulated company by the name "litefxspeedtrading."
Therefore, litefxspeedtrading (www.litefxspeedtrading.pro) is, in fact, a scam broker website without any company entity or regulation.
Account Opening Process
To open a trading account with litefxspeedtrading, visit the broker's official website, click "Open Account" on the homepage or "SIGN UP" at the top right corner of the page to access the account registration page. Fill in your personal information such as name, email, and set a login password as required, then submit the form. After verification, your account will be successfully registered.
Trading Instruments
litefxspeedtrading offers various trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, traders can diversify and leverage high potential returns.
- Commodities: Commodity trading covers key resources in global markets, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations and dividends of public companies without actually owning the stock.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
litefxspeedtrading offers four different investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum Deposit: $500
- Minimum Expected Profit: $3,500
- Maximum Expected Profit: $5,000
- Trader Education*
- Risk Management
- Tax-free Spread Trading Profit
CLASSIC ACCOUNT:
- Minimum Deposit: $5,000
- Minimum Expected Profit: $45,000
- Maximum Expected Profit: $50,000
- Expert News & Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-free Spread Trading Profit
PLATINUM:
- Minimum Deposit: $10,000
- Minimum Expected Profit: $99,999
- Full Suite of Benefits
- Trader Education*
- Advanced Risk Management
- Tax-free Spread Trading Profit
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 signals daily
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payments Only
- Use Any Broker
Trading Platform
litefxspeedtrading offers a proprietary trading platform and claims an average order execution speed of less than 7.12 milliseconds, with more than 12,000 orders executed per second and extensive liquidity providers.
Deposits and Withdrawals
litefxspeedtrading only supports deposits and withdrawals in cryptocurrency.
Conclusion:
Traderknows reminds investors that Ilitefxspeedtrading is a scam broker that lures investors with promises of high returns. This site has neither a company entity nor any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
